Overbought/Short

The market is overbought at this level based on the Piker Indicator. Click on the left to see the other times it was overbought.  The purple candle marks the overbought signals.  It doesn't always mark a downturn but its close especially during these market conditions.  When the PI hits overbought under certain conditions it becomes a short signal- the market is current flashing those signals. Huge caveat here is that these signals are close to during bullish but for now follow the plan.